125 W State St - Apartments FOR SALE


Kennett Square, PA 19348
$1,100,000 USD
302-304-2265
125 W State St, Kennett Square, PA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/52
null | Request Cap Rate

125 W State St
Kennett Square, PA 19348


HIGHLIGHTS

  • Prime Location!
  • Large Lot with Development Opportunity
  • All units and systems upgraded in 2014

OVERVIEW

This property is a fully occupied quadplex with development opportunity located in the thriving retail district of downtown Kennett Square. With no setback requirements the property can be fully developed. This property presents a unique opportunity for a variety of uses, including retail, offices, restaurants, and special exceptions like hotels or planned developments. While situated in the historic district, which requires architectural review, neighboring properties demonstrate the potential for substantial expansion. The property’s proximity to a public parking garage eliminates the need for on-site parking, making it even more attractive to development. It is currently configured as 4 apartments 1 bed/1 bath; 2 bed/2 bath; 3 bed / 1 bath; 4 bed / 2 bath.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$280 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C1

APN/PARCEL ID

03-002-0196.0000

ASK ABOUT THIS PROPERTY

Christopher BlackBhhs Fox & Roach - HockessinMore Info
302-304-2265

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Christopher BlackBhhs Fox & Roach - HockessinMore Info
302-304-2265

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.